TEHRAN, Iran, September 5. Foreign investments in Iran has increased by 50 percent in the current Iranian year (started March 21,2022), said the chairman of the Iranian and Foreign Joint Venture Investments Association (IFJIA) Hossein Salimi, Trend reports citing ILNA.
The government has expanded ties with foreign countries, he said adding China has a significant role in investment in Iran.
He pointed out that Iran has issued permits for $4 billion investments in the first six months of the current Iranian year that shows number of permits for foreign investments have doubled compared to previous year.
Salimi underlined that foreign investments might continue to grow in the second half of the year depending on possible agreement in the revival of the 2015 nuclear deal known as the Joint Comprehensive Plan of Action (JCPOA).
According the chairman of the IFJIA, lifting sanctions on bank transactions would accelerate money transfer and increase foreign investment.